Monroe, KY County is an attractive place to live for individuals and families alike. The county offers a relatively low cost of living, with the average 2 bedroom rent in the area being $740 compared to a national average of $1430. The grocery cost index in Monroe is also lower than the national average at 92 versus 100. This makes it an excellent choice for those looking to save some money while still having access to quality amenities. Local companies include Walmart, Lowe's, and Honda, offering employment opportunities and further attractions such as parks and recreation centers for residents to enjoy. With its low cost of living and ample amenities, Monroe County is an increasingly popular destination for many people looking for a new home.
Monroe County has an unemployment rate of 4.3%. The US average is 6.0%.
Monroe County has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 38.8%, which is higher than the US average of 33.5%.
Tax Rates for Monroe County
- The Sales Tax Rate for Monroe County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Monroe County is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monroe County
- The average income of a Monroe County resident is $24,577 a year. The US average is $37,638 a year.
- The Median household income of a Monroe County resident is $39,334 a year. The US average is $69,021 a year.